Kratos Will Remain Undervalued as Public Co Says MMI

(Kratos has a market cap of $284 mm and an EV of $717 mm; MMI owns 8.6%)

Item 4.
Purpose of Transaction.
 
Item 4 is hereby amended to add the following:
 
The Reporting Persons purchased the Shares as part of their investment activities based on their belief that the Issuer’s competitive advantages and growth prospects are greatly undervalued by its Share price.  The Reporting Persons believe that this undervaluation is unlikely to improve on a sustainable basis while the Issuer remains an independent public company.  Therefore, the Reporting Persons may engage in discussions with members of management and the Board of Directors of the Issuer regarding strategic alternatives to maximize value.

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